2. Merchants Bank of Indiana

Merchants Bank of Indiana


Overview / Commentary
www.merchantsbankofindiana.com
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 284th largest bank in the nation. It was established in 1923 and as of December of 2018, it had grown to 247 employees at 5 locations. Merchants Bank of Indiana's money market rates are 4X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees247
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.92%
Return on Equity - YTD16.14%
Annual Interest Income$137.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.71B$3.39B
LoansQ4 2018vs Q4 2017$2.79B$2.36B
DepositsQ4 2018vs Q4 2017$3.10B$2.95B
Equity CapitalQ4 2018vs Q4 2017$424.8MM$411.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.6MM$8.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.2MM$2.8MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Merchants Bank of Indiana Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%-$1mMoney Market Account
1.75%-$1mBusiness Money Market Account
Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355

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